Question: A supply curve that is parallel to the horizontal axis suggests that: when quantity supplied increases, price rises the relationship between price and quantity supplied

A supply curve that is parallel to the horizontal axis suggests that:

  1. when quantity supplied increases, price rises
  2. the relationship between price and quantity supplied is inverse
  3. a change in demand will change price in the same direction
  4. The relevant time period is the immediate run5.in the long run, additional units of output will be forthcoming without an increase in price, in a constant cost industry

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